Berkshire’s BNSF to spend $3.9 Billion on its Rail Network

Burlington Northern Santa Fe Railway Company (BNSF) plans to spend $3.9 billion on network upgrades this year. The railroad, owned by Warren Buffett’s Berkshire Hathaway Inc., says that its capital spending plan is an increase of $400 million over its 2011 allocation of $3.5 billion. As the economy shows signs of improvement and revenue from freight traffic increases, the major freight railroads of the country, which include BNSF, together plan to spend about $13 billion this year, an increase of $1 billion from the previous year. The investment will “ensure our infrastructure remains strong and improve the efficiency of our…